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Decision details

Aequus Developments Limited 2019-20 Business Plan and Remuneration Report (WL)

Decision Maker: Council Leader

Decision status: Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Report seeking shareholder approval to the Aequus Business Plan for 2019-22 and to the Aequus Remuneration policy.

Decision:

To approve the Aequus Developments Limited 2019-22 Business Plan and Remuneration Report.

Reasons for the decision:

To enable ADL to progress it’s business the Shareholder must approve it‘s business plan and its remuneration policy which will enable it to directly employ staff.

This decision is not subject to call in by virtue of part 4 D (1) of the Council’s Constitution which specifically excludes from call in decisions of the Leader acting in their capacity as Shareholder of a Local Authority Company owned or operated by the Council.

Alternative options considered:

To refuse shareholder consent to the request which would limit the ability of ACL to operate and compete in the marketplace.

Publication date: 24/07/2019

Date of decision: 24/07/2019

Accompanying Documents: